 |
Definition of 'Honorarium'
A voluntary payment that is given to a person for services for which fees are not legally or traditionally required. Honoraria are typically used to help cover costs for volunteers or guest speakers.
|
 |
Investopedia explains 'Honorarium'
For example, when a guest makes a speech at a conference, he or she might receive an honorarium to cover travel expenses. In some countries, the honorarium may be considered taxable income.
|
|
|
